Current Use by Public Records
- Day care centers
Property Details for 124 Lyons Ave
- Year built
- 1980
- Lot size
- 0.23 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This 10,000-square-foot property, located at 124-126 Lyons Avenue in Newark, New Jersey, presents a unique investment opportunity. Situated directly across from Beth Israel Medical Center, this Class B building offers excellent visibility and accessibility. The property, built in 1980 and renovated in 1922, sits on a 0.23-acre lot and is zoned R-3, allowing for a variety of uses. Currently vacant, the building comprises two units – a 7,000-square-foot space and a 3,000-square-foot space – which can be leased or sold separately or together. The asking price is $2,000,000, translating to $200 per square foot. The property's location offers convenient access to major transportation routes, including I-78, Route 22, and the New Jersey Turnpike. This presents a compelling opportunity for investors seeking a versatile property in a high-traffic area with strong potential for future development. The property is offered as a NNN lease. The building has one story and is suitable for a variety of uses, including medical offices and daycare centers. The property is for sale by owner.
Value Estimations
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AI approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2108
- Latitude
- 40.7083
